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Sirius Real Estate

Sirius Real Estate is a property company that owns and operates business parks, industrial sites, warehouses and offices in Germany and the United Kingdom.

Last updated August 26, 2026

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Overview

Sirius Real Estate is a commercial property company focused on multi-let business parks and related industrial and office assets in Germany and the United Kingdom. The company was established in February 2007 and entered the public markets shortly afterward, listing on the Alternative Investment Market in May 2007. Its business model is based on acquiring, operating and improving properties that accommodate a range of small and medium-sized businesses rather than relying exclusively on a single large tenant or a narrow specialist property segment. Germany has historically been the centre of Sirius Real Estate's portfolio and operating strategy. The company has assembled a network of business parks that combine warehouse, light-industrial, storage, production and office space. These properties are typically marketed to multiple occupiers, allowing Sirius to generate rental income from diversified tenant bases and to pursue active asset management. Repositioning, refurbishment, leasing and operational improvements are important parts of the model, particularly where underused or fragmented commercial sites can be upgraded and let to local businesses. The company expanded its capital-market presence in 2014 through a listing on the Johannesburg Stock Exchange. By the time it moved from the Alternative Investment Market to the London Stock Exchange's main market in March 2017, Sirius had acquired 40 business parks in Germany. The main-market transfer marked a further stage in the development of the company as an institutional property investment platform. In March 2019, Sirius entered a joint venture with AXA Investment Managers to invest in German business parks. The partnership broadened the company's investment capacity and provided a structure for pursuing additional German commercial property opportunities. Sirius subsequently extended its geographic and operational footprint in the United Kingdom through the November 2021 acquisition of BizSpace, a UK property business. The transaction added a substantial portfolio of flexible industrial, business-park and workspace assets and strengthened the company's position in the UK market. Sirius's portfolio includes warehouses, business parks, industrial parks and offices. Its properties serve businesses requiring conventional commercial premises as well as more flexible space configurations. The company therefore occupies a position between a traditional office landlord and a specialist industrial developer, with an emphasis on multi-occupancy commercial estates and active management of existing assets. According to the cited company information, Sirius reported owning and operating approximately 2.4 million square metres of space as of 31 March 2025. The same reference material states that its investment portfolio was self-valued at approximately £3.0 billion as of 31 March 2026. These figures are time-specific portfolio measures rather than general estimates of the company's long-term scale. Sirius remains an active cross-border commercial property business with operations in Germany and the United Kingdom.

History

Sirius Real Estate was established in February 2007 as a property company focused on business parks and related commercial real estate. It entered the public markets in May of the same year through a listing on the Alternative Investment Market. From its early development, the company concentrated on acquiring and operating multi-let commercial properties, particularly in Germany. These assets included business parks, industrial premises, warehouses and offices occupied by a variety of businesses. The company broadened its capital-market profile in 2014 by launching a listing on the Johannesburg Stock Exchange. Its German acquisition programme continued, and by the time of its move to the London Stock Exchange main market in March 2017, Sirius had acquired 40 business parks in Germany. The move represented an important stage in the company's progression from a smaller listed property vehicle to a more established commercial property platform. In March 2019, Sirius formed a joint venture with AXA Investment Managers to invest in German business parks. The arrangement supported further investment in the German market and aligned Sirius with a major institutional investment manager. It also reinforced the company's strategy of using partnerships and active management to expand its commercial property portfolio. Sirius later expanded its UK presence through the acquisition of BizSpace in November 2021. BizSpace was a UK-based property business, and its integration gave Sirius a larger platform in the United Kingdom alongside its established German operations. The acquisition added to the company's exposure to flexible business accommodation, industrial space and multi-occupancy commercial estates. Sirius owns and operates a range of warehouses, business parks, industrial parks and offices in Germany and the United Kingdom. Its operating approach combines rental income with property-level management, leasing, refurbishment and repositioning. The multi-let character of many assets provides exposure to numerous business tenants, while active management is intended to improve occupancy, rents and the usefulness of the underlying sites. The cited reference material reports that Sirius owned and operated about 2.4 million square metres of space as of 31 March 2025. It also states that the investment portfolio was self-valued at about £3.0 billion as of 31 March 2026. Sirius therefore operates as a cross-border commercial property owner and manager rather than as a consumer-facing product brand. Its principal identity is tied to the ownership, leasing and improvement of business-oriented real estate in Germany and the United Kingdom.

  • 2021

    BizSpace acquisition

    [1]

    Sirius acquired the UK-based property business BizSpace in November 2021.

  • 2019

    AXA Investment Managers joint venture

    [1]

    Sirius entered a joint venture with AXA Investment Managers to invest in German business parks.

  • 2017

    Main-market transfer

    [1]

    Sirius transferred to the London Stock Exchange main market in March 2017 after acquiring 40 business parks in Germany.

  • 2014

    Johannesburg Stock Exchange listing

    [1]

    Sirius launched a listing on the Johannesburg Stock Exchange.

  • 2007

    Company established

    [1]

    Sirius Real Estate was established in February 2007 as a commercial property company focused on business parks and related assets.

  • 2007

    Alternative Investment Market listing

    [1]

    The company listed on the Alternative Investment Market in May 2007.

Products and positioning

A cross-border commercial property owner and operator specializing in multi-let business parks, industrial premises, warehouses and offices, with value creation driven by active asset management and diversified business tenants.

  • Commercial real estate

    Business parks

    Sirius's business parks are multi-occupancy commercial estates designed for small and medium-sized enterprises and other business tenants. They may combine offices, workshops, storage, production areas and light-industrial units. The company manages these sites directly, with leasing, refurbishment and repositioning used to improve occupancy and rental performance.

  • Industrial real estate

    Industrial and warehouse properties

    The portfolio includes industrial premises and warehouses serving storage, distribution, production and other operational requirements. These properties provide practical space for business users and form a core part of Sirius's German and UK commercial-property exposure.

  • Office real estate

    Office and flexible workspace

    Sirius operates office space within business parks and other commercial estates. The properties can support conventional office occupancy as well as more flexible arrangements associated with multi-let business accommodation. This offering complements the company's industrial and warehouse assets and helps diversify the tenant mix at individual sites.

  • Flexible commercial property · 2021

    BizSpace portfolio

    The BizSpace portfolio represents Sirius's UK-based property business following the November 2021 acquisition. It extends the group's exposure to flexible workspace, business parks and industrial accommodation in the United Kingdom.

Brand decisions

  • 2021

    Acquire BizSpaceM&A

    Background

    Sirius aimed to strengthen its presence in the United Kingdom and expand its flexible commercial-property platform.

    Action taken

    Sirius acquired the UK-based property business BizSpace in November 2021.

    Aftermath

    The acquisition expanded Sirius's UK operating footprint and added business-park, industrial and flexible workspace assets.

  • 2019

    Form a German business-park joint venture with AXA Investment ManagersM&A

    Background

    Sirius wanted to expand investment in German business parks and work with an institutional investment partner.

    Action taken

    The company entered a joint venture with AXA Investment Managers in March 2019.

    Aftermath

    The partnership provided a structure for additional investment in German business parks.

  • 2017

    Transfer to the London Stock Exchange main marketStrategy

    Background

    By March 2017, Sirius had built a German portfolio containing 40 business parks and had developed beyond its original smaller-market listing.

    Action taken

    Sirius transferred from the Alternative Investment Market to the London Stock Exchange main market.

    Aftermath

    The transfer marked a higher-profile stage in the company's evolution as a listed commercial property platform.

  • 2014

    Add a Johannesburg Stock Exchange listingStrategy

    Background

    Sirius sought to broaden its public-market presence while continuing to develop its commercial property portfolio.

    Action taken

    The company launched a listing on the Johannesburg Stock Exchange.

    Aftermath

    The additional listing became part of Sirius's international capital-market profile.

Recent events

  • Sirius Real Estate completes BizSpace acquisition[2]

    Reported:

    Sirius Real Estate completed its acquisition of Helix Investments Limited, BizSpace's holding company, for approximately £245 million. The deal marked Sirius's first significant expansion into the UK.

  • Sirius Real Estate completes Alzenau Business Park acquisition[3]

    Reported:

    Sirius Real Estate announced that it had completed its acquisition of Alzenau Business Park, 34 km east of Frankfurt am Main, for a total purchase consideration of €44.5 million, including acquisition costs.

  • Unconfirmed

    Sirius Real Estate acquires Hallbergmoos office complex[4]

    Reported:

    Sirius Real Estate reported that it had acquired an office complex in Hallbergmoos near Munich Airport for €20.2 million, including acquisition costs. KCM Invest AG was the vendor.

Sources9 sources

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